Invicta Energy Corp V.VCA

Invicta's Website

[oilfield13]

Hopefully they get the presentation updated soon!Let's get aggressive boys.Put this show in High Gear!

With the mild winter that the praires have seen this year i fully expect Invicta to drop the bit back in the ground soon.I don't think there will be much of a Spring Breakup this year.

[chucker6]

New presentation up. No news about there new partner, i take this as a positive. Very positive Alberta update and a new 2P reserve estimate underway. Looks great.Central Alberta light oil drilling locations to be added to inventory in2012; exploration drilling is expected to lead to a new core area byearly 2013https://www.invictaenergy.ca/pdf/InvictaPPT12.pdf

[chucker6]

Reservoir Properties • Depth: 1050m TVD • Net SS: 15-25m     15-25m payzones? • ?: 15-21%              Recovery percentage? • Light Oil: 32 API • Water Cut: Can anyone confirm i'm reading this correct. If so this is huge for these guys and value. IP projection of plus 100 bopd      

[oilfield13]

Ya you are reading it correctly. I find the presentation very vague on a few fronts.Is this central alberta viking play 100% owned by Invicta now?Where is the land located in respect to Cutpick Muirfield and Emerge(who are in the Halkirk AB area).Cutpicks wells are coming in at over 100 +bopd.No mention of their new Partner either.What's the big secret?   I

[OILANDGAS]

It is hard to confirm these reservoir parameters without knowing where the lands are exactly. Generally pay zones will be less than indicated while porosity values are in the ball park. IP's of the Hz wells are generous as some wells will do these rates but they will have wells with much lower rates. These Mannville channel plays are conventional type plays with limited areal extent

[chucker6]

From the Nov investor presentation quote" analogy on these trends of anywhere of 150 to 700 bopd". If they could drill anything near 700 bopd this stock will explode.